Top 100 Defense Contractors 2022 (2024)

February 22, 2023December 19, 2023 - by Forecast International

Top 100 Defense Contractors 2022 (1)

The following is a list of the Top 100 U.S. Department of Defense (DoD) prime contractors in fiscal year 2022 ranked by total contract funds awarded. The DoD had defense contract award obligations of $423.9 billion in FY22, up 7 percent from $395.7 billion in FY21 . The top 100 FY22 contractors accounted for $258.4 billion (61 percent) of the obligated dollars, compared to $245.76 billion (62 percent) in FY21.

In FY22, the DoD’s share of available funding was $1.64 trillion, or 14.3 percent, of the FY22 U.S. federal budget. This is an increase of 8.6 percent compared to the DoD’s share of the U.S. federal budget for FY21 of $1.51 trillion, or 12.4 percent.

Top 100 Defense Contractors 2022 (2)

FY 22 Department of Defense Overview. – USASpending.gov

Data was sourced from USASpending.gov and compiled and processed by Forecast International. Please note: The awards listed below are from the DoD only; hence, totals will not match federal contract totals, which include awards by other government agencies. A top 100 Contractors Report listing all federal agencies was released in late in 2023 on SAM.gov

Be sure to download Forecast International’s latest white paper on the Top 100 Defense Contractors 2022 and Top 10 Future Defense Programs .

#PRIME CONTRACTOR$ millions% of Total
1 Lockheed Martin Corp$45,67811.1%
2 Raytheon Technologies Corp$25,3716.1%
3 General Dynamics Corp$21,1965.1%
4 Pfizer Inc$16,6694.0%
5 The Boeing Company$14,7323.6%
6 Northrop Grumman Corp$13,3613.2%
7 Humana Inc$7,7401.9%
8 L3Harris Technologies Inc$5,9781.4%
9 BAE Systems plc$5,0621.2%
10 Leidos Holdings Inc$3,8520.9%
11 Huntington Ingalls Industries Inc$3,3620.8%
12 Atlantic Diving Supply Inc$3,0440.7%
13 McKesson Corp$2,9120.7%
14 Eli Lilly and Company$2,7530.7%
15 Science Applications International Corp$2,6610.6%
16 General Electric Company$2,5420.6%
17 Bechtel Corp$2,5240.6%
18 Okinawa Idemitsu K.K.$2,4240.6%
19 Booz Allen Hamilton Holding Corp$2,3620.6%
20 Fluor Corp$2,1210.5%
21 General Atomics$2,0890.5%
22 Amerisourcebergen Corp$1,9790.5%
23 Centene Corp$1,9780.5%
24 Amentum Services Inc$1,9290.5%
25 Abbott Laboratories$1,8940.5%
26 Bell-Boeing Joint Project Office$1,8870.5%
27 Moderna Inc$1,7880.4%
28 iHealth Labs Inc$1,7750.4%
29 BP Products North America Inc$1,7080.4%
30 CACI International Inc$1,6900.4%
31 GSK plc (GlaxoSmithKline)$1,6330.4%
32 Oshkosh Corp$1,6270.4%
33 Huntington Ingalls Inc$1,5510.4%
34 Valero Energy Corp$1,3770.3%
35 Jacobs Solutions Inc$1,3120.3%
36 KBR Inc$1,2800.3%
37 Health Net Inc$1,2160.3%
38 Johns Hopkins University$1,2150.3%
39 Hensel Phelps Construction Co$1,2040.3%
40 Leonardo SpA$1,1430.3%
41 Massachusetts Institute of Technology (MIT)$1,1330.3%
42 Vectrus Systems Corp$1,1150.3%
43 Kokosing Alberici Traylor LLC$1,0700.3%
44 United Launch Alliance LLC$1,0690.3%
45 The Mitre Corp$1,0610.3%
46 Rolls-Royce Corp$1,0570.3%
47 The Aerospace Corp$1,0360.3%
48 The Vertex Company$1,0110.2%
49 Merck & Co Inc$9970.2%
50 Ministry of Defense (Japan)$9940.2%
51 Honeywell International Inc$9660.2%
52 Sierra Nevada Corp$9360.2%
53 Dyncorp International LLC$9210.2%
54 Patriot Team$8550.2%
55 M1 Support Services LP$8460.2%
56 Austal USA LLC$8080.2%
57 Deloitte$7760.2%
58 Space Exploration Technologies (SpaceX)$7590.2%
59 Arctic Slope Regional Corp (ASRC)$7410.2%
60 Express Scripts Inc$7380.2%
61 Georgia Tech Research Corp$6880.2%
62 Government of Canada$6530.2%
63 Vision Technologies Systems Inc$6520.2%
64 Environmental Chemical Corp$6380.2%
65 Marinette Marine Corp$6370.2%
66 Textron Inc$6270.2%
67 B.L. Harbert Holdings LLC$6170.1%
68 W. S. Darley & Co$6070.1%
69 Quidel Corp$6050.1%
70 Roche Holding AG$6030.1%
71 Siemens Healthcare Diagnostics Inc$6000.1%
72 FedEx Corp$5940.1%
73 Torch Technologies Inc$5800.1%
74 AstraZeneca plc$5760.1%
75 Motor Oil (Hellas) Corinth Refineries SA$5600.1%
76 Dell Federal Systems LP$5530.1%
77 Vitol Inc$5520.1%
78 Carahsoft Technology Corp$5480.1%
79 AM General LLC$5390.1%
80 The Parsons Corp$5380.1%
81 AECOM$5370.1%
82 Petromax Refining Company$5360.1%
83 Viasat Inc$5080.1%
84 Highmark Inc$5050.1%
85 Accenture$5000.1%
86 Serco Group plc$5000.1%
87 Cardinal Health Inc$4580.1%
88 Johns Hopkins Health System Corp$4560.1%
89 International Business Machines Corp$4390.1%
90 Noble Supply & Logistics LLC$4350.1%
91 381 Constructors$4180.1%
92 World Wide Technology Holding Co Inc$4140.1%
93 S-Oil Corp$4140.1%
94 Martin’s Point Health Care Inc$4090.1%
95 J &J Maintenance Inc$4090.1%
96 Microsoft Corp$4040.1%
97 OraSure Technologies Inc$4000.1%
98 CAE USA Inc$3850.1%
99 Bechtel Parsons Blue Grass JV$3850.1%
100 Olin Corp$3840.1%

Forecast International’s series consists of two volumes. Volume One includes coverage of over 100 key U.S. and Canadian primes and their subsidiaries. Volume Two covers over 90 top companies and subsidiaries outside North America, with a focus on key players in Europe and Asia. The services’ reports contain detailed data on recent programs, mergers, competitions, and joint ventures, along with financial data and contract awards. Click here to learn more.

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For 50 years, Forecast International intelligence reports have been the aerospace and defense industry standard for accurate research, analysis, and projections. Our experienced analysts compile, evaluate, and present accurate data for decision makers. FI's market research reports offer concise analysis of individual programs and identify market opportunities. Each report includes a program overview, detailed statistics, recent developments and a competitive analysis, culminating in production forecasts spanning 10 or 15 years. Let our market intelligence reports be a key part of reducing uncertainties and mastering your specific market and its growth potential. Find out more at www.forecastinternational.com

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For 50 years, Forecast International intelligence reports have been the aerospace and defense industry standard for accurate research, analysis, and projections. Our experienced analysts compile, evaluate, and present accurate data for decision makers. FI's market research reports offer concise analysis of individual programs and identify market opportunities. Each report includes a program overview, detailed statistics, recent developments and a competitive analysis, culminating in production forecasts spanning 10 or 15 years. Let our market intelligence reports be a key part of reducing uncertainties and mastering your specific market and its growth potential. Find out more at www.forecastinternational.com

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Top 100 Defense Contractors 2022 (2024)

FAQs

Top 100 Defense Contractors 2022? ›

Largest Defense Contractors

Lockheed Martin Corporation (NYSE:LMT) was awarded contracts by the U.S. Department of Defense (DoD) worth $45.68 billion in 2022 – which made up for nearly 70% of its annual revenue.

Who is the largest defense contractor in the world 2022? ›

Largest Defense Contractors

Lockheed Martin Corporation (NYSE:LMT) was awarded contracts by the U.S. Department of Defense (DoD) worth $45.68 billion in 2022 – which made up for nearly 70% of its annual revenue.

What defense contractors pay the most? ›

In 2022, the largest Department of Defense contractor was Lockheed Martin, with a contract value of about 46.21 billion U.S. dollars. Raytheon Technologies was the second largest contractor that year, with a contract value of around 26.13 billion U.S. dollars.

Who is the biggest contractor in the DoD? ›

List of companies
RankCountryCompany name
1United StatesLockheed Martin
2United StatesRTX Corporation
3United StatesNorthrop Grumman
4United StatesBoeing
46 more rows

Who is the best defense contractor in the world? ›

2023 Top 100
This Year's RankLast Year's RankCompany
11Lockheed Martin
22RTX ¹
34Northrop Grumman
46Aviation Industry Corporation of China
42 more rows

Who builds US missiles? ›

Lockheed Martin Corporation is a leading manufacturer of rockets and missiles. The company offer wide range of product portfolio for various application and has a strong global distribution network across the globe.

Who is bigger, Raytheon or Lockheed Martin? ›

With a 2022 revenue of $67.07 billion, Raytheon is the largest defense company in the United States. Not far behind, the second and third largest defense companies in the U.S. are Boeing and Lockheed Martin, which made $66.61 billion and $65.98 billion in revenue respectively. How big is the U.S. defense industry?

Who are the top 3 defense contractors in the world? ›

[ii] Each company is on each of the Fortune lists: America's Most Admired Companies, Global Most Admired Companies, Fortune 500 and Global 500. [iii] Lockheed Martin, Northrop Grumman and Boeing are also the three top arms-producing companies in the world.

Which defense company has the best benefits? ›

Lockheed Martin

Lockheed Martin is a defense & space company headquartered in the Bethesda, MD area that employs 5001 to 10000 people. The company has its best ratings for Paid Time Off (4.1 stars) and Flexible Work Hours (4.0 stars).

How well are DOD contractors paid? ›

Department Of Defense Contractor Salary
Annual SalaryWeekly Pay
Top Earners$150,500$2,894
75th Percentile$135,500$2,605
Average$102,706$1,975
25th Percentile$73,500$1,413

Who are the Big Five military contractors? ›

Today, they have consolidated into five giants: Lockheed Martin, RTX, Boeing, General Dynamics, and Northrop Grumman. These big five can use the monopoly positions granted them by the United States government to reap enormous profits.

Who is the boss of the DOD? ›

Lloyd Austin

Who manufactures US military weapons? ›

The SIPRI Top 100 arms-producing and military services companies in the world, 2022
RankCompanybCountryc
2022a2021
11Lockheed Martin Corp.
22Raytheon Technologiese
34Northrop Grumman Corp.
37 more rows

Which defense contractor is the best to work for? ›

  • Northrop Grumman. 4.0. 11.5K. Reviews. 25.5K. ...
  • RTX. 3.8. 7.9K. Reviews. 16.5K. ...
  • Leidos. 3.9. 4.6K. Reviews. 10.7K. ...
  • L3Harris. 3.7. 4.1K. Reviews. 9.3K. ...
  • US Department of Defense. 4.1. 4.6K. Reviews. 9.5K. ...
  • Collins Aerospace. 3.7. 4.5K. Reviews. 6.8K. Salaries. ...
  • BAE Systems USA. 3.8. 3.7K. Reviews. 6.6K. Salaries. ...
  • GE Aerospace. 3.9. 3.9K. Reviews. 5.4K. Salaries.

How many Americans work for defense contractors? ›

Aerospace & Defense Supports Nearly 2 Million American Jobs

The U.S. Aerospace and Defense industry is one of the largest high-technology manufacturing sectors in the United States.

What is the biggest Defence company in the US? ›

The United States of America-based Lockheed Martin Corp is the leading aerospace and defense company in the US (by revenue).

What is the biggest American Defence company? ›

All these top aerospace and defense companies employed a total of 807,100 people in 2021. The United States of America-based Lockheed Martin Corp is the leading aerospace and defense company in the US (by revenue).

What company makes bombs for the US military? ›

Lockheed Martin Products | Lockheed Martin.

Who currently holds the Department of Defense? ›

Lloyd Austin

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